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increasing taxes. and i will give president obama credit to in his the first presidential candidate since walter mondale to run explicitly on a platform that he will raise taxes. >> he is saying he will raise taxes on the wealthy. >> according to the supreme court, he already has raised taxes. that was the basis on which the supreme court of held obamacare, that it was a tax increase. >> to mayor castro's point, people who have more are being asked to sacrifice. you do not agree with that. >> i do not agree with that. but me say two things. if you look historically, such spending has been 20% of gdp. federal spending has been 18% of gdp. i think the problem is we're spending too much. in the last three years, federal spending has gone from 20% of gdp to 25% of gdp. that is a fundamental structural shift and it is produced -- it has produced record-setting deficits and putting us in a path of greece and where much of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creors. that makes it all t
Search Results 0 to 0 of about 1